Articles and opinions by Wendy Weng
The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according…
The financial results of BUKU IV banks, the top banks by core capital in Indonesia, weakened amid the COVID-19 crisis. Banks experienced a contraction in net loans and set aside more provisions.
The COVID-19 pandemic has exerted substantial impact on the profitability of banks in Asia Pacific, although most are better positioned to weather this crisis than during the global financial crisis
Saudi Arabian Islamic banks continue to display strong financial performance. The growth of Islamic bank assets accelerated despite slowdown in profits
National Commercial Bank and Banque Misr emerged as the strongest bank by balance sheet in the Middle East and Africa respectively in 2020. Banks in Saudi Arabia and Qatar are the strongest in the Middle East, while Egyptian and South African…
Chinese and Japanese banks again dominate the list of The Asian Banker 500 largest banks. Balance sheet growth accelerated in the first half of 2020 and some players are reinforcing their scale and competitiveness through mergers and acquisitions
Bank of China (Hong Kong) emerges as strongest bank by balance sheet in Asia Pacific in 2020. While the majority of banks in the region maintained adequate capital and liquidity buffers, profitability has weakened amid the COVID-19 crisis.
In addition to leading their institutions to support customers and communities, some bank bosses are also taking pay cuts or making charitable donations to support the fight against the COVID-19